Mexico 1861-Pi RO 8 reales

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Heritage sale 3026, lot 25318
photo courtesy Heritage Auction Galleries

The specimen shown is an 1861Pi-RO eight reales from the San Luis Potosi mint, which struck the type 1827-93. This date is fairly common, with the other assayer, PS, being rather scarcer. The SCWC does not mention this mintmark variety which was probably an error. The San Luis Potosi mint closed in 1893, having struck most of the silver and copper denominations but never issued gold. This specimen was lot 25318 in Heritage sale 3026 (Long Beach, October 2013), where it sold for $1,057.50. The catalog description[1] noted, "Republic Cap & Rays 8 Reales 1861 Pi-Ro, variety with "P" mintmark with no 'i', AU Details, Surface Hairlines NGC. This 'P' (no 'i') variety is quite rare, and this is, by far the nicest example of this elusive variety that we have seen. From The Nogales Collection."

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW.

Catalog reference: KM 377.12, DP-Pi48.

Source:

  • Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
  • [1]Bierrenbach, Cristiano, Warren Tucker and Scott Cordry, Heritage Signature Auction 3026, World & Ancient Coins, featuring the RLM Collection, Part Two, the Nogales Collection and the Goetz Medals Die Archive, Dallas, TX: Heritage Auction Galleries, 2013.
  • Dunigan, Mike, and J. B. Parker, Resplandores: Cap and Ray 8 Reales of The Republic of Mexico, 1823-1897, Beverly Hills, CA: Superior Stamp & Coin, 1997.
  • Harper, David C. [Ed.], North American Coins & Prices, 17th Ed., Iola, WI: Krause Publications, 2007.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.
  • Raymond, Wayte, The Silver Dollars of North and South America, 2nd Ed., Racine, WI: Whitman Publishing, 1964.

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